1989 Ed.]
Betting Duty
[CAP. 108
3
(a) 4 shall be Stewards of the Club nominated by the Club; and (b) 3 shall be other persons.
(3) The Governor shall appoint one of the members of the Board to be the Chairman thereof.
(Added 51 of 1975 s. 5)
4B. Meetings of the Board
(1) The Board shall meet at such times and at such places as the Chairman may appoint.
(2) At any meeting the Chairman shall preside:
Provided that if at any meeting the Chairman is absent there shall preside either-
(a) such member as the Chairman may direct to preside for the purposes of that meeting; or
(b) in the absence of any such direction, one member of the Board elected from among those present at such meeting.
(3) At any meeting of the Board 3 members shall be a quorum.
(4) The Board may make standing orders for regulating the procedure at, and in connection with, its meetings.
4C. Allocation of proceeds of a lottery
(Added 51 of 1975 s. 5)
(1) 59% of the proceeds of a lottery shall be allocated in prizes in that or any other lottery as the Board may determine. (Replaced 19 of 1983 s. 3. Amended L.N. 97 of 1984; 1 of 1988 s. 2)
(1A) The percentage of the proceeds specified in subsections (1), (2) and (3) may be amended by resolution of the Legislative Council. (Added 19 of 1983 s. 3; 1 of 1988 s. 2)
(2) The Board shall pay to the Club 7.5% of the proceeds of a lottery on account of all costs, charges, expenses, fees and commitments incurred or charged by the Club in providing facilities in order for the Board to perform its function under section 4A(1). (Amended 70 of 1985 s. 2; 1 of 1988 s. 2)
(3) 34% of the proceeds of a lottery shall be paid into the Lotteries Fund. (Replaced 1 of 1988 s. 2)
(Added 51 of 1975 s. 5)
4D. Authorization of lotteries
(1) The Chief Secretary may by licence authorize the Board to conduct such lottery as may be specified in the licence.
(2) Any licence granted under subsection (1) may relate to more than one lottery.